May 27, 2021
If you were to host an impromptu dinner party to discuss the role of corporate America in social welfare today, Elizabeth Warren and Jamie Dimon would be close to the top of the guest list. Warren, a Massachusetts senator and former Democratic presidential candidate, has for decades taken up the mantle of causes like consumer protection and income inequality, while Dimon, JPMorgan Chase’s chairman and CEO, has cultivated a reputation for pushing corporate America to embrace a more socially conscious form of capitalism.
But if this week’s Senate Banking Committee hearing is any indication, conversation at a Warren-Dimon dinner party might not make it past the first course. On Wednesday (May 26), the duo faced off as Warren interrogated bank CEOs on their treatment of overdraft fees during the worst of the Covid-19 pandemic.